Interesting move by Apple. Yet another example of a tech firm angling to improve security. I was surprised to see the report that said this was Apple's second largest acquisition. The biggest was the acquisition of NeXT in 1996 for $400 million. That one brought back Steve Jobs. Any chance of a similar impact here?
NFC payments are going to replace card/cash payments to great extent in future. And the main hurdle here is security and identifying the user. So I think the acquisition makes total sense for Apple. In a few years, we might be able to see a finger print sensor integrated into the home button of the iPhone